Property Type
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan Seri 4
|
RM 480,000
|
RM 354
|
1,356 sqft
|
|
2-Sty Terrace |
|
Jalan Ayu
|
RM 390,000
|
RM 288
|
1,356 sqft
|
|
2-Sty Terrace |
| 2023 | |||||
|
Lorong Molek 4
|
RM 450,000
|
RM 332
|
1,356 sqft
|
|
2-Sty Terrace |
|
Jalan Ayu
|
RM 260,000
|
RM 192
|
1,356 sqft
|
|
2-Sty Terrace |
| 2022 | |||||
|
Jalan Molek
|
RM 360,000
|
RM 265
|
1,356 sqft
|
|
2-Sty Terrace |
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Market Snapshot
RM 390,000
RM 288 psfMedian transaction price
RM 790,000
RM 525 psfMedian transaction price
Taman Cheng Baru, 75260 Cheng, Melaka, Malaysia
MapsTaman Cheng Baru in Melaka Tengah, Melaka recorded 5 subsale transactions between 2021 and 2026, sized between 1,325 and 1,374 sqft, with a median price of RM 390K and a median price per square foot (PSF) of RM 288.
This area contains both residential and commercial properties. View 17 residential properties or 22 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 390K, with most transactions falling within a stable range of RM 313K to RM 467K, and a typical market range of RM 260K to RM 480K.
Most transactions involved 2 - 2 1/2 storey shop, with moderate diversity in property types available.
The median PSF stands at RM 288, with core pricing between RM 231 and RM 344. Market pricing typically extends from RM 140.81 to RM 434.31, reflecting moderate variation in unit pricing. The spread of RM 293.50 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.